74, GREEN LANE, SHANKLIN, PO37 7HD - £260,000

74 GREEN LANE is a large extended detached house of 126m², built sometime between 1930 and 1949. It was last sold for £260,000 in May 2023, which was around 39% below the average May 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was C.

74 GREEN LANE Sold Prices

Land registry data shows four sales for 74 GREEN LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four 74 GREEN LANE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 15 MAY	£260,000	£428,623	39% below HPI
2022 29 JUL	£215,000	£426,827	50% below HPI
2003 5 JUN	£185,000	£200,475	8% below HPI
1997 30 SEP	£65,000	£81,314	20% below HPI

74 GREEN LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The four 74 GREEN LANE sales between September 1997 and May 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 2022 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the May 2023 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 74 GREEN LANE?

74 GREEN LANE is 126m², which includes one extension, according to the EPC inspection conducted in December 2021. This puts it in the largest 40% of detached houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses by size in Shanklin, and where 74 GREEN LANE lies on this distribution: 65% of detached houses are smaller than 74 GREEN LANE, and 34% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

74 GREEN LANE: Plot and Title Map

74 GREEN LANE sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 74 GREEN LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 74 GREEN LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 74 GREEN LANE?

74 GREEN LANE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 74 on GREEN LANE.